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Nov 16, 2012
11/12
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the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. >>> yoshihiko noda is the third prime minister to lead japan since the democratic party took power. he's been in the job for a little more than a year. here's a look at some of the challenges he faced. >> reporter: yoshihiko noda replaced the prime minister who lost support over his handling of the fukushima power plant accident. overseas media focused on the fact that noda was japan's sixth prime minister in five years and questioned whether he could form a stable government. >> translator: i'm determined to do everything possible to move politics forward using a down-to-earth approach. >> reporter: noda identified three top priorities for his administration -- reconstruction from the march, 2011 earthquake and tsunami, containment of the fukushima nuclear accident, and fiscal
the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. >>> yoshihiko noda is the third prime minister to lead japan since the democratic party took power. he's been in the job for a little more than a year. here's a look at some of the challenges he faced. >> reporter: yoshihiko noda replaced the prime...
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Nov 16, 2012
11/12
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the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. there were mixed reactions from people around japan. >> translator: we are suffering so much in fukushima since last year's disaster. i don't understand why politicians cannot work together. >> translator: fukushima is slowly but steadily is moving forward in its recovery. it would be regrettable if the momentum slows in the coming weeks. >> translator: i've been looking for a job for two months. i just want the government to create more jobs. >> a business leader expressed his hopes. >> translator: the private sector is trying its utmost to survive. we hope politicians will create a society and nation where those who make efforts are duly rewarded. >>> campaign managers are already busy mapping out their tactics. nhk world's senior political commentator masayo nakajima has cha
the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. there were mixed reactions from people around japan. >> translator: we are suffering so much in fukushima since last year's disaster. i don't understand why politicians cannot work together. >> translator: fukushima is slowly but steadily is moving...
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Nov 17, 2012
11/12
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the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. there were mixed reactions from people around japan. >> translator: we are suffering so much in fukushima since last year's disaster. i don't understand why politicians cannot work together. >> translator: fukushima is slowly but steadily moving forward in its recovery. it would be regrettable if the momentum slows in the coming weeks. >> translator: i've been looking for a job for two months. i just want the government to create more jobs. >> a business leader expressed his hopes. >> translator: the private sector is trying its utmost to survive. we hope politicians will create a society and nation where those who make efforts are duly rewarded. >>> campaign managers are already busy mapping out their tactics. nhk world's senior political commentator masayo nakajima has charte
the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. there were mixed reactions from people around japan. >> translator: we are suffering so much in fukushima since last year's disaster. i don't understand why politicians cannot work together. >> translator: fukushima is slowly but steadily moving forward...
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Nov 13, 2012
11/12
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u.s. us a makers churn out car after car but it seems americans will making more fuel to power them. >> that's light. industry analysts expect a major shift will take place in the near future. we're hearing the united states will become the world's largest oil producer in the next five years. the iea said u.s. oil output would surpass saudi arabia. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient in energy by 2035. that's due to an expected surge in production of shale gas. a type of natural gas trapped in under ground rock. america relies on it for 20% of import needs. now let's get a check on the markets. the yen is losing ground slightly against the dollar and the euro. dollar/yen is changing hands at 79.57 and the euro/yen is quoted at 100.99 to 104. debt stricken greece could get bail out funds. share prices are rising slightly in tokyo. this morning the index stands at 8,695. that's up about two-tenths of a percent. the index fell six d
u.s. us a makers churn out car after car but it seems americans will making more fuel to power them. >> that's light. industry analysts expect a major shift will take place in the near future. we're hearing the united states will become the world's largest oil producer in the next five years. the iea said u.s. oil output would surpass saudi arabia. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient in energy by 2035. that's due to an expected...
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Nov 16, 2012
11/12
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the u.s. and china. there are american brands everywhere. companies like mcdone olds are sinking their teeth into the china market. china is one of the biggest markets outside the u.s. in return mcdonald's hires thousands chinese. china is become abouting a major destination for american goods. but with the global economy struggling, tensions between the two major trading partners have been rising over everything from the u.s.'s growing security presence in the region to china's currency and trade. >> i'm a little pessimistic because in the kind of world we live in where there's a struggle for global demand, that struggle will show up in the trade area. >> reporter: rhetoric about china flared on on the campaign trail with barack obama promising to stand up to china as he heads into his second term. >> i set up a trade task force to go after cheaters. that's why we brought more cases than the previous administration in two terms. >> reporter: cases for example over auto parts and solar panels.
the u.s. and china. there are american brands everywhere. companies like mcdone olds are sinking their teeth into the china market. china is one of the biggest markets outside the u.s. in return mcdonald's hires thousands chinese. china is become abouting a major destination for american goods. but with the global economy struggling, tensions between the two major trading partners have been rising over everything from the u.s.'s growing security presence in the region to china's currency and...
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Nov 16, 2012
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u.s. president barack obama spoke with netanyahu. they agree they need to stop attacks. morsi says the israelis must realize their aggression will only lead to instability in the region. iran has condemned israel's military assault on the gaza strip. the iranian foreign minister had to convince israel to stop its military aggression. >>> another round of talks on iran's nuclear program is about to resume. negotiators will meet in brussels next week in their latest attempt to move the discussions forward. negotiations between the six nations and iran have been suspended since they last met in june in moscow. the two sides have failed to make any significant progress on the issue. they are demanding iran halt its program. it's concern that the end product could be used to develop nuclear weapons. foreign policy chief kathryn ashton and negotiators of the six countries will discuss a new nuclear proposal for iran. >>> the company responsible for the massive gulf of mexico oil spill is facing the largest criminal fine in united states history. bp has agreed to pay more than
u.s. president barack obama spoke with netanyahu. they agree they need to stop attacks. morsi says the israelis must realize their aggression will only lead to instability in the region. iran has condemned israel's military assault on the gaza strip. the iranian foreign minister had to convince israel to stop its military aggression. >>> another round of talks on iran's nuclear program is about to resume. negotiators will meet in brussels next week in their latest attempt to move the...
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Nov 14, 2012
11/12
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a quick look at u.s. futures. we've seen green across the board and the dow is still trying to add about 65 points there at the open. the nasdaq and s&p 500 after posting losses are pointed higher as well. >> european stocks have steadily made some gains throughout the morning session here. we've been listening today that -- sorry, i misspoke. ftse 100 down .4. the ibex is the one that is up. >> they have been moving lower in the last hour or so. take a look at the bonds, we're still seeing green for spain and italy. so at least the rotation is holding up. yield in spain and italy falling. italy also had that bond auction helping to meet its four-year funding goals. guilts strengthening in the uk, 1.75%. germany still under 1.4. >> in the united states, october retail sales are out at 8:30 eastern. we get the october ppi. producer prices are expected to rise .2% and by .1 when you strip out food and energy. then at 10:00 a.m., september business inventories released. at 2:00 p.m., we'll get the minutes from last m
a quick look at u.s. futures. we've seen green across the board and the dow is still trying to add about 65 points there at the open. the nasdaq and s&p 500 after posting losses are pointed higher as well. >> european stocks have steadily made some gains throughout the morning session here. we've been listening today that -- sorry, i misspoke. ftse 100 down .4. the ibex is the one that is up. >> they have been moving lower in the last hour or so. take a look at the bonds, we're...
WHUT (Howard University Television)
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Nov 14, 2012
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. >>> u.s. treasury secretary timothy geithner has echoed president obama on the importance of raising taxes for the wealthy and continuing tax cuts for the middle class. that's to avoid the so-called fiscal cliff which is a scenario that an automatic surge in tax cuts and fiscal spending payments may drive the economy into recession. >> let's extend the tax cuts removing the potential uncertainty and damage from the fiscal cliff. >> he urged congressional leaders to reach an agreement before tax cuts expire and automatic spending reductions take effect around year end. meanwhile, the republicans continue to oppose tax hikes for the rich but they have expressed a willingness to cut tax cuts and loopholes. they would not secure sufficient revenue but it is important that the opposition is willing to allow some tax increases. >>> now let's get a check on the markets. first the currency. the dollar rose against the yen to one week high level to around 80 yen. that's after the prime minister noted h
. >>> u.s. treasury secretary timothy geithner has echoed president obama on the importance of raising taxes for the wealthy and continuing tax cuts for the middle class. that's to avoid the so-called fiscal cliff which is a scenario that an automatic surge in tax cuts and fiscal spending payments may drive the economy into recession. >> let's extend the tax cuts removing the potential uncertainty and damage from the fiscal cliff. >> he urged congressional leaders to reach...
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Nov 5, 2012
11/12
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the u.s. and china is stable because it's so complicated. there are so many areas of interaction -- the trade relationship, the cultural exchanges. the practical relationship has to continue, and the economic and interactions will continue. >> reporter: as china's economic power grows, friction, as well as economic ties with the u.s. are bound to increase. whoever wins the presidential election will have to balance the tough talk with constructive action. >> earlier i spoke with susumu kojima, who has been following the u.s. election. susumu, obviously campaign talk is sometimes just that -- talk. but why did both candidates target china? >> well, the main theme of this election is the economy, more specifically, jobs. obama and romney have competing visions for how they will get things back on track. in some cases they need to give american voters a simple reason to explain job losses. so both candidates point to china as one of those reasons. some americans would buy their explanation. they
the u.s. and china is stable because it's so complicated. there are so many areas of interaction -- the trade relationship, the cultural exchanges. the practical relationship has to continue, and the economic and interactions will continue. >> reporter: as china's economic power grows, friction, as well as economic ties with the u.s. are bound to increase. whoever wins the presidential election will have to balance the tough talk with constructive action. >> earlier i spoke with...
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Nov 20, 2012
11/12
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u.s. president barack obama and chinese premier wen jiabao held bilateral talks before the summit began on tuesday. they both seek closer ties with southeast asian countries as part of their competing regional strategies. >> it's important that our two countries cooperate to build a more secure and prosperous future for the asia-pacific region and for the world. >> despite their friendly words, both sides took their differences with them to the east asia summit. obama called on the country's concern to quickly draw up the code of conduct. one indirectly said the united states should not be involved, stating that the disputes should not be internationalized. now, obama's trip to asia is a sign that america's so-called pivot to asia strategy remains unchanged after his re-election. his visit to myanmar was criticized by some observers. they say it was premature. obama went ahead anyway, a signal of his desire to increase u.s. influence in southeast asia and keep china's ambitions in check. n
u.s. president barack obama and chinese premier wen jiabao held bilateral talks before the summit began on tuesday. they both seek closer ties with southeast asian countries as part of their competing regional strategies. >> it's important that our two countries cooperate to build a more secure and prosperous future for the asia-pacific region and for the world. >> despite their friendly words, both sides took their differences with them to the east asia summit. obama called on the...
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Nov 13, 2012
11/12
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the u.s. has established technology to extract shale oil from hard rock layers thousands of meters below the ground. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient by 2035. that's due to an expected surge in the production of shale gas, a type of natural gas also trapped in underground rock. america currently relies on imports for 20% of energy needs. once the u.s. achieves successful sufficiency in energy, it may start showing less interest in oil producing regions including the middle east. >>> let's check on the markets. the u.s. markets changed little overnight. trading volume was low as other markets as long as the u.s. bonds market was closed for veterans day. and to see how stocks in japan are doing, we go to ramin mellegard at the tokyo stock exchange. how are things kicking off over there? >> good morning to you. yes, indeed. still a bit of hesitation in the markets there with the u.s. fiscal cliff and also the concerns whether greece
the u.s. has established technology to extract shale oil from hard rock layers thousands of meters below the ground. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient by 2035. that's due to an expected surge in the production of shale gas, a type of natural gas also trapped in underground rock. america currently relies on imports for 20% of energy needs. once the u.s. achieves successful sufficiency in energy, it may start showing less interest in...
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Nov 20, 2012
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u.s. president barack obama will hold talks with japan's prime minister yoshihiko noda and chinese premier wen. aimed at addressing strained relations over claims to the senekaku islands. the president is expected to stress any differences should be peacefully resolved according to international law. >>> now, japan's prime minister has praised myanmar's rapid reforms. and he's offered the country a development loan worth $600 million. yoshihiko noda met thein sein on the sidelines of the summit. myanmar has made steady progress on political reform. he promises to support the economic development. japan's public and private sectors will back reform efforts. it will be the first yen loan in almost 26 years. myanmar's leaders will use it to refurbish a thermal power plant in yangon. japan's government will extend the loans in february next year at the earliest. myanmar's to foreign investors. >>> letting out a small sigh of relief. trade agreement. joins us from the business desk. what's the
u.s. president barack obama will hold talks with japan's prime minister yoshihiko noda and chinese premier wen. aimed at addressing strained relations over claims to the senekaku islands. the president is expected to stress any differences should be peacefully resolved according to international law. >>> now, japan's prime minister has praised myanmar's rapid reforms. and he's offered the country a development loan worth $600 million. yoshihiko noda met thein sein on the sidelines of...
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Nov 8, 2012
11/12
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the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corru
the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this...
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Nov 26, 2012
11/12
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u.s. dollars, four times what it was eight years ago. behind me is the industrial estate that opened three years ients clinininininininininininin manufacturer opened a factory ten kilometers away from their companies worked together to smooth out the production process. they discovered then fixed a glitch in one production line. the change cut costs for both sides. they say they could have only made such progress by working face to face. >> translator: now the japanese companies can supply us with more glass products, and we can bring in good materials. so for us it's a huge advantage. >> reporter: some say in the moment people in both countries see the tensions through a magnifying glass. they say both japanese and south koreans get along just fine, that they've reached a sense of maturity. kaho izumitani, nhk world seoul. >>> one factor that will influence relations between tokyo and seoul is who gets to be japan's next prime minister. the latest nhk poll suggests japanese voters will fo
u.s. dollars, four times what it was eight years ago. behind me is the industrial estate that opened three years ients clinininininininininininin manufacturer opened a factory ten kilometers away from their companies worked together to smooth out the production process. they discovered then fixed a glitch in one production line. the change cut costs for both sides. they say they could have only made such progress by working face to face. >> translator: now the japanese companies can...
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Nov 12, 2012
11/12
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but the u.s. suspended the program after the north carried out a rocket launch test in april. >>> winter is quickly approaching northern parts of asia. rachel ferguson is here with the weather. rachel? >>> all right. yes, we have a snowstorm to the north and east of china. now, it has been bringing significant snowfall, blizzard conditions, in fact. you're still likely to see an additional 10 sent meters of snow before the system heads across to japan. now, we're just getting rid of one storm system up towards the north, this one bringing rain rather than snow, but with the new system, we will see that colder air ushering in. so potentially snow for you in hokkaido and certainly seeing some very strong gusts as that cold air comes in across the west and across the north. so 100-kilometer-per-hour gusts are possible as we head on into tuesday. much of the country will be seeing showers, but here in tokyo, we should be staying dry. most of the continent, in fact, is looking dry. however, there will
but the u.s. suspended the program after the north carried out a rocket launch test in april. >>> winter is quickly approaching northern parts of asia. rachel ferguson is here with the weather. rachel? >>> all right. yes, we have a snowstorm to the north and east of china. now, it has been bringing significant snowfall, blizzard conditions, in fact. you're still likely to see an additional 10 sent meters of snow before the system heads across to japan. now, we're just getting...
WHUT (Howard University Television)
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Nov 7, 2012
11/12
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the u.s. is a pacific nation. the key will be how he handles china which will soon have new leadership. he said there's room to cooperate with the world's second largest economy. but he's also promising to keep pressure to abide by international rules and stop manipulating its currency. many americans consider china and economic threat. they're also wear of its military expansion. obama will likely strengthen relations with u.s. allies such as japan to keep -- to help keep china in check. so whether japan soon has transfer of power and new demonstration or continues with the current administration under prime minister yoshihiko noda, the country will have to prepare for obama's second term. >> all right, thanks for that ma say i don't. >>> obama will likely need every day of his second term to get through the agenda he faces. we spoke more about the president's to-do list with professor mike mute soouk i can of george washington university. >> i think the number one priority will be on the dom
the u.s. is a pacific nation. the key will be how he handles china which will soon have new leadership. he said there's room to cooperate with the world's second largest economy. but he's also promising to keep pressure to abide by international rules and stop manipulating its currency. many americans consider china and economic threat. they're also wear of its military expansion. obama will likely strengthen relations with u.s. allies such as japan to keep -- to help keep china in check. so...
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Nov 24, 2012
11/12
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u.s. faces hurdles to remain an active player in the fast-growing region. in his first term, obama shifted u.s. foreign policy toward the asia pacific, an area notable for its rapid economic expansion. enthusiasm over obama's reelection rippled through the region. students at an elementary school in the indonesian capital jakarta cheered loudly. obama attended the school when he was in the third grade. japanese prime minister yoshihiko noda contacted the president and pledged his cooperation. u.s. and japan have the opportunity to improve ties, especially since relations between japan and china have soured over the senkaku islands conflict in the east china sea. south korean president lee myung-bak said he's sure the u.s. and south korea will continue to develop their alliance. australia is another key ally in the region. prime minister julia gillard pledged cooperations during president obama's second term. >> i'd like to welcome president obama my warmest congratulations on his reelectio
u.s. faces hurdles to remain an active player in the fast-growing region. in his first term, obama shifted u.s. foreign policy toward the asia pacific, an area notable for its rapid economic expansion. enthusiasm over obama's reelection rippled through the region. students at an elementary school in the indonesian capital jakarta cheered loudly. obama attended the school when he was in the third grade. japanese prime minister yoshihiko noda contacted the president and pledged his cooperation....
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Nov 19, 2012
11/12
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u.s. the obama administration has a policy of working to counter the rise of china. how asean nations take part in that policy shift may have an impact. cambodia isn't the only country to feel the impact of china's spreading influence. economic, political, and military. if asean wants to cooperate with its neighbor on the equal footing, member states need to remain united and work with the united states. >> thank you very much, indeed, for that. speaking there to nhk world's phin chanda. u.s. president barack obama arrived here in cambodia on monday evening to attend the two-day east asia summit. on tuesday, he'll hold bilateral meetings with leaders including the prime minister of japan and the chinese premier as well. now, how will the united states respond to the growing presence of china here in southeast asia? well, we'll keep you updated as these delicate discussions continue. i'm patchari raksawong reporting from phnom penh. >>> patchari, thanks. barack obama made history before he
u.s. the obama administration has a policy of working to counter the rise of china. how asean nations take part in that policy shift may have an impact. cambodia isn't the only country to feel the impact of china's spreading influence. economic, political, and military. if asean wants to cooperate with its neighbor on the equal footing, member states need to remain united and work with the united states. >> thank you very much, indeed, for that. speaking there to nhk world's phin chanda....
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Nov 1, 2012
11/12
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all three u.s. indexes snap a in our month winning streak. >> u.s. election campaigning resumes as the northeast assesses the damage from super storm sandy. >> and shell sees profit drop by 15% on on lower crude prices. earnings also seen tune for sx on mobile. exxonmobile. well, china's factories are trying to stage a bit of a comeback.well, china's factorie trying to stage a bit of a comeback. sub indexes including new orders and employment rose to levels we haven't seen in many months. analysts say perhaps now there's less need for the central bank to bring in further rate cuts. still the pboc is working to keep money markets loose. dan, if these china figures are improving, do you believe china is bottoming and will we see less policy stimulus from here? >> one of the concerns we have is we did see increased subsidy out of china. it reflects the opinion of management as to whether or not they can sell their product. part of selling one's product is price. to the extent that you are lowering price and getting increased demand, you feel good about
all three u.s. indexes snap a in our month winning streak. >> u.s. election campaigning resumes as the northeast assesses the damage from super storm sandy. >> and shell sees profit drop by 15% on on lower crude prices. earnings also seen tune for sx on mobile. exxonmobile. well, china's factories are trying to stage a bit of a comeback.well, china's factorie trying to stage a bit of a comeback. sub indexes including new orders and employment rose to levels we haven't seen in many...
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Nov 13, 2012
11/12
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u.s. researchers at johns hopkins university say the country has conducted at least two tests of large rocket mortars since its failed launch in april. one satellite image shows the removal of fuel tanks and the appearance of exhaust stains. the researchers say their science tests have been carried out. another image shows similar discolorations and stains in an object that appears to be a large rocket engine. the analysis also says construction activity is under way to launch an even bigger rocket. it warns that north korea may start a new round of nuclear and rocket tests in the first half of next year. >>> several rockets have landed near sensitive targets in the capital of afghanistan. cholaphansa narula in bangkok is following this story. >> the afghan intelligence agency is one of the locations near tuesday's attacks in kabul. the incidents underline the security challenges afghanistan faces as nato-led combat troops prepare to withdraw by the end of 2014. >> translator: it was aroun
u.s. researchers at johns hopkins university say the country has conducted at least two tests of large rocket mortars since its failed launch in april. one satellite image shows the removal of fuel tanks and the appearance of exhaust stains. the researchers say their science tests have been carried out. another image shows similar discolorations and stains in an object that appears to be a large rocket engine. the analysis also says construction activity is under way to launch an even bigger...
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Nov 22, 2012
11/12
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so a u.s. court has ordered apple to disclose its recent agreement terms with htc for samsung including their licensing fremt. the focal point here is whether there is an overlap between the patents and apple htc agreement and those in the samsung apple case. if there is, it's expected to help samsung's efforts to dodge a permanent sales ban on its smart products in the u.s. market. although this closure is attorneys eyes only designation, maybe we can get some hints from future legal involvements between the two giants down the road. also separately, shares life time high on expectations that its mobile business will continue to lead strong profit growth ahead and now samsung's due to report fourth quarter earnings guidance first week of january. back to you. >> okay. thanks for that. barclays will stop floor trading at the metal exchange. they will remain an lme member. according to sources reported on on the wires. meanwhile olam is taking short selling waters to court. the singapore commodi
so a u.s. court has ordered apple to disclose its recent agreement terms with htc for samsung including their licensing fremt. the focal point here is whether there is an overlap between the patents and apple htc agreement and those in the samsung apple case. if there is, it's expected to help samsung's efforts to dodge a permanent sales ban on its smart products in the u.s. market. although this closure is attorneys eyes only designation, maybe we can get some hints from future legal...
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Nov 23, 2012
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plus the annual u.s. shopping frenzy known as black friday gets an early start this year as many americans finish their thanksgiving dinner and headed out in search of big deals thursday night. meanwhile we've been traveling throughout central and eastern europe looking at the impact of austerity. geoff is in croatia capital. >> of course these stories are intimately connected and we spoke with the prime minister here just yesterday before he headed off to those budget discussions in brussels. it is very important for croatia that there is a resolution of these budget negotiation talks because they exceed to the eu next year and they are hoping to receive about 10 billion euros in support as a result of being an eu member. but let's talk about how the economy is fairing anyhow. we've had four years of really no growth in this economy. and i'm very interested to know from the central bank governor what the central bank has been doing to try to stimulate growth here. boris has joined me. in isn't that econo
plus the annual u.s. shopping frenzy known as black friday gets an early start this year as many americans finish their thanksgiving dinner and headed out in search of big deals thursday night. meanwhile we've been traveling throughout central and eastern europe looking at the impact of austerity. geoff is in croatia capital. >> of course these stories are intimately connected and we spoke with the prime minister here just yesterday before he headed off to those budget discussions in...
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Nov 13, 2012
11/12
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meanwhile the agenda in the u.s., the monthly u.s. federal budget statement will be released at 2:00 p.m. 3:30, janet yellen will speak with central bank communication. and on the earnings front, we get numbers before the open fho depot, michael kors. after the close, cisco systems. >> the u.s. holiday shopping system officially kicks off black friday, the day after thanksgiving. but for consumers in the new york city area, finding that perfect holiday gift may not be the first thing on their minds. they're continuing to clean up after hurricane sandy. before the storm struck, a majority of chains were fairly confident about the holidays expecting sales to be the same or better than last year. joining us now is executive vice president of the retail council of new york. ted, good morning. we spoke with you last just after the storm. and your sense wasn't clear yet as to what the impact would be. and that ben foit a home dae poe and the other suppliers or would it hurt results for retailers broadly speaking. do you have anymore clarity
meanwhile the agenda in the u.s., the monthly u.s. federal budget statement will be released at 2:00 p.m. 3:30, janet yellen will speak with central bank communication. and on the earnings front, we get numbers before the open fho depot, michael kors. after the close, cisco systems. >> the u.s. holiday shopping system officially kicks off black friday, the day after thanksgiving. but for consumers in the new york city area, finding that perfect holiday gift may not be the first thing on...
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Nov 19, 2012
11/12
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u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks con
u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low...
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Nov 12, 2012
11/12
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u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in severa
u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the...
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Nov 5, 2012
11/12
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the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 mill
the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china...
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Nov 27, 2012
11/12
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u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today, we did see it rallying over the 1.30 mark last night. as we look at crude rallying adding a third of a percent. brent about a quarter of a percent. copper, we're adding 0.2%. 354 bucks on that contract. the real foe you can as we continue to examine whether china's economy is fundamentally hanging in there, co
u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level...
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Nov 21, 2012
11/12
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the u.s. holiday shopping season kicks off in the u.s. retailers pulling off all the shops to draw shoppers into their stores. we put several promotions to the test when we come back. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> these are the headline ts today from around the world. angela merkel says the greek financing hole can be filled. the fbi launches a probe into alleged accounting issues in the hp autonomy deal. mike lynch denies the accusations. and reports of a blast on a bus in tel aviv sends all futures high. hillary clinton is con
the u.s. holiday shopping season kicks off in the u.s. retailers pulling off all the shops to draw shoppers into their stores. we put several promotions to the test when we come back. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit...
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Nov 28, 2012
11/12
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but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's liquidation given the battles between management and the unions. some of this is -- >> they think there's going to be retaliatory moves to say forget -- >> and that they're going to line their pockets and, you know, on the way out. they, of course, are creditors as is so many others. >> we don't have any twinkies. >> no, you don't. >> we ate them all? >> those were already gone. we have devil dogs, funny bones, we have other ones, ring dings. >> ho hos. >> lemon cupcakes. >> while we're talking of ho-hos, quick check of t
but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's...
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Nov 13, 2012
11/12
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jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge. this one could be off to the races. >> what's interesting about home depot, they didn't outline sandy impact because it would be the pull forward in terms of sales in preparation for the hurricane but the books did close prior to sandy so full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were really solid for home depot. >> one of the
jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge....
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Nov 27, 2012
11/12
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customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the call? is he returning our calls? yeah, call me. judge denied a similar request in february. and while corzine has stepped down, some executives remain at the company and they're assisting in its wind down. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devast
customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the...
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Nov 14, 2012
11/12
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data to the u.s. now, where revelations have emerged in the scandal that caused the downfall of the head of the cia, general david petraeus -- >> to the u.s. now, where revelations have emerged in the scandal that caused the downfall of the head of the cia. >> general john allen is alleged to have had inappropriately to one of the women involved in the scandal. >> he was due to become nato's supreme commander in europe, but that appointment is now on hold. meanwhile, even more details of the scandal concerning general petraeus are coming to light. >> former cia head david petraeus said the affair lasted from december 2011 until four months ago. paula broadwell co-offset a biography on petraeus and made multiple trips to afghanistan -- co-authored a biography on petraeus. investigators are reported to have found that she had access to sensitive documents about afghanistan. agents searched her family home in north carolina on monday night. but there is another high-level figure involved. the pentagon is
data to the u.s. now, where revelations have emerged in the scandal that caused the downfall of the head of the cia, general david petraeus -- >> to the u.s. now, where revelations have emerged in the scandal that caused the downfall of the head of the cia. >> general john allen is alleged to have had inappropriately to one of the women involved in the scandal. >> he was due to become nato's supreme commander in europe, but that appointment is now on hold. meanwhile, even more...
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Nov 26, 2012
11/12
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he pointed out that with the u.s. presidential election and the change in leadership in china, it is hard to predict how the two biggest polluters, how much pressure will be coming from them for an agreement. furthermore, the opinion is no longer playing the leading role that it once said they wanted to. the german government itself is also divided. the economics minister is worried about the impact of potential climate regulation on business. all in all, the political landscape does not suggest there will be a huge breakthrough. >> is it fair to say the climate concerns have taken a back seat to economic concerns? >> that was the case during the economic downturn. the euro crisis tends to touch people more directly than a climate change. i think there is some complacency in europe. people feel europe has met their climb at target and they have done their homework. other countries need to do more. greenpeace says it is time for europe, and germany in particular, to take the lead by being more ambitious. >> simon, than
he pointed out that with the u.s. presidential election and the change in leadership in china, it is hard to predict how the two biggest polluters, how much pressure will be coming from them for an agreement. furthermore, the opinion is no longer playing the leading role that it once said they wanted to. the german government itself is also divided. the economics minister is worried about the impact of potential climate regulation on business. all in all, the political landscape does not...
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Nov 6, 2012
11/12
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election. >> a lot of focus on the u.s. election here in japan but investors are looking at the earnings reports coming out of japanese companies this week. let's start by taking a look at stocks here in tokyo. they are trading lower on tuesday morning as investors hold pack from active trading ahead of the presidential election. the nikkei is at 8,970 that's down about 37 points from monday's close. as i said many investors are keeping an eye on upcoming corporate earnings reports for the half year through september. shares of panasonic and sharp are trading lower again. take a look at tokyo for an exchange. trading is limited ahead of tuesday's u.s. presidential election. a dollar yen is right now trading at 80.17 to 19 and the eu euro/yen stands at 102.55 to 57. analysts say investors buying yen after gains by the dollar last week on favorable data. south korea's kospi is up. in australia the index is trading higher about a quarter percent. chinese officials are open to second front in their solar power world with the eu
election. >> a lot of focus on the u.s. election here in japan but investors are looking at the earnings reports coming out of japanese companies this week. let's start by taking a look at stocks here in tokyo. they are trading lower on tuesday morning as investors hold pack from active trading ahead of the presidential election. the nikkei is at 8,970 that's down about 37 points from monday's close. as i said many investors are keeping an eye on upcoming corporate earnings reports for...
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Nov 13, 2012
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ilnd naturagas as ll asisg er e will allow the u.s. to becomesue year 200035. se-- 2035. >>orgn imports are 3 accordin theae by 2017, u.il ori aria ne mho f erain oil and a shell sesvewi beesnsleorhe rnou. -- oil a gre poib. energy is in mndtrl tis llal sghy. it i aifre sryn eae cles wl meand the m sharply over the xtece. the international agency -- energeyelvemail be spped to asia in theute dillchgihe map o global energy flows. >> and no major plunge for the daxod. we on this report fmhe anurstk chgen at movintoy. >> to 0.7%, the gmastk de ltn e pvis week, so maybe it is already good ns tt d n inevitably plunged further on e rstrindaf is ek political issues like greec eisl ifn the united states, kpi iesrs xis darngeason is about to come to an e i gean so far, very few mag t suriitthr earnings and many doubt whetherheutok mi in will manage to change the trend. l'av aloser loo at some of the market numbers. thax ending justlitlup 78. euroox0 down. theowonp a bit to 1235 theus adg a $1.2710. >> we seem to having se chnical dficulties. l's tn to some japanese stocks. they ha
ilnd naturagas as ll asisg er e will allow the u.s. to becomesue year 200035. se-- 2035. >>orgn imports are 3 accordin theae by 2017, u.il ori aria ne mho f erain oil and a shell sesvewi beesnsleorhe rnou. -- oil a gre poib. energy is in mndtrl tis llal sghy. it i aifre sryn eae cles wl meand the m sharply over the xtece. the international agency -- energeyelvemail be spped to asia in theute dillchgihe map o global energy flows. >> and no major plunge for the daxod. we on this...
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Nov 30, 2012
11/12
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he trained in the u.s. previously. there were more jobs and the training was 75% cheaper than in job but he learned that more budget airlines were setting up in japan and looking for pilots. >> translator: my desire to contribute to japan's aviation industry grew stronger so i wanted to be a pilot in japan. >> reporter: he's qualified to pilot commercial airplanes up to a certain size in the u.s. but not in japan. he had to start training all over again start ing in a propeller driven aircraft. for these lessons he mays more than $125,000. many trainees have foreign licenses but in japan they too had to start from scratch. >> translator: i think you have to be really motivated to continue with this training. >> reporter: that's because getting a pilots license in japan is hard. no other country has such tough standards. candidates need detailed knowledge even of aircraft parts. airlines the world over use the same of planes so some experts say licenses issued in other countries should be valid here. the land and transp
he trained in the u.s. previously. there were more jobs and the training was 75% cheaper than in job but he learned that more budget airlines were setting up in japan and looking for pilots. >> translator: my desire to contribute to japan's aviation industry grew stronger so i wanted to be a pilot in japan. >> reporter: he's qualified to pilot commercial airplanes up to a certain size in the u.s. but not in japan. he had to start training all over again start ing in a propeller...
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Nov 12, 2012
11/12
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according to the iaea, by 2017, teh u.s. will over take saudi arabia. new methods for extracting oil and a shell gas reserves will be responsible for the turnaround. -- oil and shale gas are r esponsible. energy is in many industrial nations will fall slightly. it is a different story in china, india, and the middle east were declines will move sharply over the next decade. the international agency -- energy agency believes many will be shipped to asia in the future radically changing the map of global energy flows. >> and no major plunge for the dax today. we on this report from the frankfurt stock exchange on what is moving today. >> to 0.7%, the german stock index, lost in the previous week, so maybe it is already good news that it did not inevitably plunged further on the first trading day of this week. political issues like greece, the fiscal cliff in the united states, keeping investors anxious and earnings season is about to come to an end in germany. so far, very few managed to surprise with their earnings and many doubt whether the outlooks com
according to the iaea, by 2017, teh u.s. will over take saudi arabia. new methods for extracting oil and a shell gas reserves will be responsible for the turnaround. -- oil and shale gas are r esponsible. energy is in many industrial nations will fall slightly. it is a different story in china, india, and the middle east were declines will move sharply over the next decade. the international agency -- energy agency believes many will be shipped to asia in the future radically changing the map...
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Nov 19, 2012
11/12
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u.s. president barack obama has held what u.s. officials say was a tense meeting with the cambodian prime minister. obama is reported to muddle the prime minister that the their human rights record was an impediment to ties with the u.s.. >> he also praised the their free and fair elections. he is terribly korean -- he is currently touring southeast asia and earlier today visited burma. >> they lined the streets in the thousands for a glimpse of the united states president. bordet's, have been sprucing up the city. his first thought was the old parliament building. at his meeting, he offered encouragement for their transition to democracy. >> nobody is perfect. hopefully we will move this country forward. >> dr. words, he went on to make the pro-democracy leader and nobel laureate. she said burma still have a long way to go. >> it was difficult to have any transition. success is in sight. we have to be very careful that we are not hurt by success. >> he came to help advance the democratic process, but the u.s. is also looking at t
u.s. president barack obama has held what u.s. officials say was a tense meeting with the cambodian prime minister. obama is reported to muddle the prime minister that the their human rights record was an impediment to ties with the u.s.. >> he also praised the their free and fair elections. he is terribly korean -- he is currently touring southeast asia and earlier today visited burma. >> they lined the streets in the thousands for a glimpse of the united states president....
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Nov 15, 2012
11/12
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under a settlement reached with the u.s. justice department, the company says it will also plead guilty to felony misconduct. penalties include 1 billion euros criminal fines, the largest in u.s. history. germany's relatively strong weathering of the eurozone crisis seems to be making the country more and more attractive for job seekers from around the continent. >> germany's statistics office says more than 300,000 foreigners from eu countries took up residence in germany in the first half of 2012. a year-on-year increase of more than 60% was registered in arrivals from struggling eurozone countries including spain, portugal, and greece. >> germany's second-biggest airline says its profits rose in the last quarter, but analysts are saying it is not enough to stave off a wave of job cuts. >> earnings for july to september grooved by 4.5% to just over 100 million euros before tax. that will reduce air berlin's overall losses for the year. the company is undergoing psignificant restructuring and says it is on track to return p
under a settlement reached with the u.s. justice department, the company says it will also plead guilty to felony misconduct. penalties include 1 billion euros criminal fines, the largest in u.s. history. germany's relatively strong weathering of the eurozone crisis seems to be making the country more and more attractive for job seekers from around the continent. >> germany's statistics office says more than 300,000 foreigners from eu countries took up residence in germany in the first...
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Nov 29, 2012
11/12
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KRCB
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a student from the u.s. state of new jersey reported on superstorm sandy that hit the country's east coast last month. >> no one in the community has ever seen a storm of this magnitude before. climatologists have already confirmed the intensity of the storm was due to climate change. >> a student from nepal said eroding mountains in his country are a sign the climate is changing. the participants expressed hope that comp 18 will come up with effective measures to deal with the problem. >>> the amazon rain forest has long acted as a sponge for greenhouse gases. scientists warn deforestation is jeopardizing that process. that's prompted better conservation efforts and it seems those efforts are paying off. brazilian officials say deforestation in the amazon has slowed to its lowest rate since 1988, when they first started keeping records. new satellite images show about 4,600 square kilometers of forest disappeared during the year through july. that marks a fourth consecutive annual slow-down. the amazon's tr
a student from the u.s. state of new jersey reported on superstorm sandy that hit the country's east coast last month. >> no one in the community has ever seen a storm of this magnitude before. climatologists have already confirmed the intensity of the storm was due to climate change. >> a student from nepal said eroding mountains in his country are a sign the climate is changing. the participants expressed hope that comp 18 will come up with effective measures to deal with the...
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Nov 28, 2012
11/12
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the u.s. assistant secretary of state. the u.s. says it will vote against upgrading the palestinians from an observer entity to an observer state in the united nations. >> in syria, 34 people have been reported killed in a double car bombing in. reports indicate a suicide bomber blew up his vehicle shortly after a bomb went off. the attacks targeted a town loyal to president assad's government. meanwhile, an unconfirmed report says rebels in aleppo in the north shot down a fighter jet and captured its pilot. egypt pose a political crisis is deepening. clashes erupted in cairo between police and protesters who have been occupying central tahrir square. >> they about to stay put until president morsi withdraws from power. >> he insists that his decree is necessary for national security and is only temporary. >> police used tear gas to try to disperse the crowds, but the morning after mass protests, many demonstrators vowed to stay put. critics feel cheated. they say the president's decrees go ag
the u.s. assistant secretary of state. the u.s. says it will vote against upgrading the palestinians from an observer entity to an observer state in the united nations. >> in syria, 34 people have been reported killed in a double car bombing in. reports indicate a suicide bomber blew up his vehicle shortly after a bomb went off. the attacks targeted a town loyal to president assad's government. meanwhile, an unconfirmed report says rebels in aleppo in the north shot down a fighter jet and...